Investment Accounts


Certificates of Deposit (CD)

A Certificate of Deposit (CD) is a special type of deposit account with a bank that typically offers a higher rate of interest than a regular Savings Account.

Somtimes you need to set aside some money for a particular project or for a specific time period or you may simply be looking for a relatively low-risk investment.  Like all bank deposit products, CDs feature federal deposit insurance up to $250,000 per insured bank, for each account ownership category.

A Certificate of Deposit may be the perfect fit for your savings goals. Click on the Rates page for current interest rates and yields for various terms of CDs.

Also, visit our Calculators page to assist you with investing your funds.

CD Terms Minimum Deposit
28 Day $500
91 Day $500
6 Month $500
1 Year $500
2 Year $500
3 Year $500
5 Year $500


There is a penalty for early withdrawal. If you withdraw any of the principal before the maturity date, the following penalties apply:

  • 28 days interest on 28 Day CD
  • 30 days interest on the 91 Day and 6 Month CD or
  • 90 days interest on the 1, 2, 3, & 5 Year CD, if any of the funds are withdrawn before the maturity date.

return to top


Individual Retirement Account (IRA)

Citizens Bank of Florida offers Traditional, Roth, and Education IRAs, which can be tailored to meet your specific eligibility status and retirement goals. We suggest that you talk with your tax advisor regarding eligibility and preferred tax treatment of your IRA funds, as Roth and Traditional IRAs are distinctly different with respect to tax implications in the current tax year and in distribution.

IRA CD Terms Minimum Deposit
1 Year $250
2 Year $250
3 Year $250
5 Year $250

The bank may impose a penalty if you withdraw any of the funds before the maturity date, however, some of the IRS rules and regulations may qualify you for no penalty.

return to top